As attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 3.3 pts more than its Telecommunication peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Valiant Communications posted sharply higher Q3 FY26 numbers on a low base. Consolidated revenue from operations jumped to ₹2,214.22 lakhs from ₹835.69 lakhs in Q3 FY25, while 9M FY26 revenue rose to ₹6,062.89 lakhs from ₹3,437.89 lakhs. The company swung from a loss of ₹53.26 lakhs in Q3 FY25 to a profit after tax of ₹604.83 lakhs in Q3 FY26; 9M FY26 PAT nearly tripled to ₹1,603.99 lakhs. Standalone PAT for 9M FY26 stood at ₹1,499.07 lakhs versus ₹568.43 lakhs last year. The India segment continues to drive over 90% of revenue. The board also approved the allotment of 38.14 lakh bonus shares (1:2 ratio, record date 10-Oct-2025) and the issuance of 6 lakh warrants at ₹768 each to non-promoters, of which ₹1,152 lakhs (25%) has been received. Two new directors — Garv Mohan Sood (Whole-time Executive, promoter group) and Aditya Pratap Singh (Independent Non-Executive) — were appointed subject to shareholder approval. The statutory auditor issued a clean limited review report with no qualifications.
Very strong quarter with revenue and profits more than doubling year-on-year, supported by a low base and strong domestic demand. Bonus shares and warrant-linked fund raising (potential ₹4,608 lakhs inflow) are dilutive but signal confidence. Short-term positive sentiment likely; investors should watch whether the order momentum sustains in coming quarters.